Join Date
October 2024
Country
Gender
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Age
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About Thomas Hornbeck
I'm a serial entrepreneur who has founded multiple tech startups, including GotIt! (EdTech), Distynct (AgTech), and Homeroom (Coliving/PropTech) YC W'22. PhD (abd) in Computer Science, dropped out in the 5th year to start my first company. I moved to Silicon Valley in 2013 and built an EdTech app that ended up #2 in Education on the AppStore. I've been an angel investor in a few startups Jobhop (HR Tech company in Vietnam) and LegalQ (TechStars '21), and Venture Partner at Kind Capital.
Companies & Work
HomeRoom
Homeroom helps investors provide affordable housing while making a 22% ROI.
We do this by sourcing properties, arranging capital, managing construction, vetting tenants and collecting rent by the room. To date, Homeroom has brought on 85 property investors, growing 6X annually, are bringing in 420K in annualized net-revenue
How it works:
We help investors buy homes in cities that are attractive to young people, but lack affordable housing options. We then renovate and after about 20 days, the home is ready and we find qualified renters by the room.
We launched in 2018 in Kansas City with 1 home. We now have 105 homes in 31 cities. In 2021, we grew rental GMV to $1.8M (300% YoY growth). Our average rent across every property is $458, which is about 50% lower than market comps, and our investors see returns up to 50% higher.
We are HomeRoom. Johnny is the financial analyst/domain expert. Thomas is a cereal entrepreneur with a PHD in ML, and Mike hacked growth for Airbnb and Facebook.
We do this by sourcing properties, arranging capital, managing construction, vetting tenants and collecting rent by the room. To date, Homeroom has brought on 85 property investors, growing 6X annually, are bringing in 420K in annualized net-revenue
How it works:
We help investors buy homes in cities that are attractive to young people, but lack affordable housing options. We then renovate and after about 20 days, the home is ready and we find qualified renters by the room.
We launched in 2018 in Kansas City with 1 home. We now have 105 homes in 31 cities. In 2021, we grew rental GMV to $1.8M (300% YoY growth). Our average rent across every property is $458, which is about 50% lower than market comps, and our investors see returns up to 50% higher.
We are HomeRoom. Johnny is the financial analyst/domain expert. Thomas is a cereal entrepreneur with a PHD in ML, and Mike hacked growth for Airbnb and Facebook.
